23/12/2025
*A Brief Introduction:*
__________________
We are currently living in the era of paper currency and beyond that, digital currency. All these currencies do not have their own intrinsic value, but are considered currencies due to law and custom. Due to not having their own value, they become subject to inflation and their value decreases instead of increasing.
But there was a time when Dirhams and Dinars were used as currencies, which were made of silver and gold respectively. They had their own value. Therefore, external factors did not have any effect on them. They played an active role in the development of the economy. For more than four hundred years of Islam, this currency remained in use and a guarantee of the stability of the economy.
After 1944, paper currency began to emerge, which, unlike the gold standard, has no intrinsic value. Its entire value is subject to the government's seal. This is the currency, after which the interest based economy flourished. The combination of paper currency and interest has completely transformed the economic system into an exploitative system, and an exploitative system has emerged from its womb. Digital currency is emerging as an even bigger monster. In this situation, it is very important to know the monetary system of Islam so that economists can also pay attention to decision-making in this regard.
Al-Suffah Institute of Islamic Economics-Lahore is organizing an important seminar to highlight the importance of this important issue among Shari’ah scholars, students and economists. In which your participation is required.
*For Free Enrollment:*
https://docs.google.com/forms/d/e/1FAIpQLSdYQleBppC3-w03a5lczBCzxKKsAz5jkMBkm0MFe2jEshI-AQ/viewform?usp=publish-editor
*Location:*
https://maps.app.goo.gl/PH3nNkLcFUsTYtmq5
